Defaulting on cash advance payday loan in texas. 10 million homes that are american. 10 million homes that are american on pay day loan in 2002. typically, to get fourteen days of liquidity because of these loans homes paid annualized (compounded) interest rate over 7000%. utilizing an administrative dataset from the payday lender, we look… Seguir leyendo Defaulting on cash advance payday loan in texas. 10 million homes that are american.